Friday, August 7, 2026

"Trolling" The Takeover Of SAFE CU: The Knives Come Out!

 Dumping SAFE ...              ... and Sacramento?

👺Unknown troll comments on "Informing SAFE Members Why The Boeing Takeover Is Beneficial..."     47 mins ago

 
👉 "Interesting article and press release where we hear from the Boeing CEO but not the SAFE CEO. Instead now they conned the local chamber in trying to sell this for them."

"Remember that extra $1 million that is being promised for community investment in Sacramento? First they are holding their members hostage with all these great benefits and free lunches that they could afford to provide now, but choose instead to make them conditional on the merger, and now they are holding the community hostage, too.  So how much of this extra million investment do we think the chamber gets in exchange for this quote? What other local chamber exec celebrates the loss of a local HQ and loss of local jobs? When is the last time anyone saw a merger press release with the local Chamber guy selling the deal to everyone?" 

"This whole thing is smoke and mirrors with all the usual promised benefits, but it’s simply a case of Boeing throwing their members money around to try to convince the market, community and SAFE members that after 80+ years of success, ceding total control to a random credit union in another state is the only way to survive."

"Shame on the SAFE board and shame on the chamber ceo for falling for this BS." 

"Boeing? Well played. I guess buying community support is ok when it’s for sale. Not exactly subtle in your approach, though. Easy to see through. Let’s hope the SAFE members see through it when they vote.' 

"https://thecudaily.com/washingtons-becu-californias-safe-cu-receive-reg-approval-for-deal-to-create-34b-credit-union/

"Robert Heidt, president and CEO of the Sacramento Metro Chamber, said the proposed merger would increase investment and access to capital in the region."

“SAFE has long been an important community partner and economic driver in the Sacramento region,” Heidt said in a statement. “This proposed combination with BECU reflects a thoughtful approach to growth that will strengthen the region through additional investment, expanded access to capital, and new opportunities for businesses and families.”
 
 

 
 
 Better fasten your seat belts before take-over... takeoff?
 
 
 
 
 

Thursday, August 6, 2026

Informing SAFE Members Why The Boeing Takeover Is Beneficial...

   Faye Nahbani, CEO of SAFE CU... (that's current, soon-to-be former!) wants SAFE members to know why it's necessary to cash out.

❎ Having survived regulatory scrutiny, the Boeing/SAFE hook-up (the new "BSCU") will now proceed to the information phase. CEO Nahbani will be tasked with explaining the takeover to the 245,000 SAFE member-owners. She's off to a good start:

 "Your vote is the next milestone and is expected in Q3/Q4 this year. You will receive your ballot and have plenty of time to review and cast your vote." 

✔ Boeing will provide a value "we on our own cannot deliver." 

✔ "This is provable, it's demonstrable. You can see it in the data, you can see it in their statistics. It's factual which I love, I love data... it's undeniable."

    But that's only part of the story!  

CEO Nahbani took the time to explain for SAFE members the necessity of the takeover in this thought-provoking, carefully-reasoned 30 minute interview. 

Hear the full story for yourself at this prior post [link].

  Be sure not to miss the "Comments" too!